US stocks rise but eye weekly losses as wave of tech layoffs continues (prosen@insider.com (Phil Rosen)/Insider: Tech)

prosen@insider.com (Phil Rosen) / Insider: Tech
US stocks rise but eye weekly losses as wave of tech layoffs continues – Alphabet follows Microsoft, Meta, and others tech giants in announcing mass layoffs as Wall Street continues to brace for an economic downturn. stock traders nyse Reuters / Brendan McDermid US stocks traded higher Friday but are on pace for weekly losses as the wave of layoffs in the tech sector …

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